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Bombay HC judge raps firms for wasting time of judiciary
“There is not the slightest urgency, and this is evident from the delay thus far and the application for three weeks’ time for an affidavit in rejoinder,” said Patel.
HC judge order highlights ‘trivial excuses’ used by firms to delay legal process
The court refused to entertain any application until the petitioner “deposits in advance an amount of not less than Rs 10 lakh...”
Money laundering case: ED arrests Hong Kong-based firm owner
Kritika Dahal who was arrested in Mumbai, according to ED sources did not co-operate with the money laundering probe earlier. “
Non-payment of TDS by mumbai companies: Showcause notices to over 300 firms
According to court filings of the tax authority, in most of the cases, the companies have defaulted on payment of TDS to the government despite collecting it from the employees.
Maharashtra leads other states in giving up LPG subsidy
According to Central government data, Mizoram and Nagaland top the list of states whose population have aggressively given up the subsidy.
On road to less cash, an attempt to bypass card swipe machines
BharatQR code, an interoperable payment acceptance solution, was launched on Monday to quicken the move towards a less-cash economy at an ‘insignificant’ cost. The Indian Express explains what it is, and how it will work.
Clash of culture or governance: Proxy firms divided
Amit Tandon founder and MD of Institutional Investor Advisory Services (IiAS) feels that the tussle at Infosys is a result of clash of working styles of the founders and the current CEO of the firm Vishal Sikka.
Shaw on Infosys tussle: New-generation leaders have different priorities
Asked about the Infosys tussle between the founders and the board, Shaw said, “What you call a tussle is nothing but a simple difference in perception.
Infosys row: Cyril Amarchand Mangaldas appointed for mediation
Infosys founders wrote to the board last month expressing their concerns about the pay rise of Sikka and severance packages given to Rajiv Bansal, former CFO and two former US executives.
Difference between cost price and selling price of electricity in Maharashtra: 18.12%
Eleven out of the 54 state electricity distribution companies in India charged a mark-up over 50% that year, the data shows.
Maharashtra: Excise raid on illegal gutkha manufacturers in Miraj, 2 held
Pune wing of DGCEI seized 8 lakh pouches of 2 gutkha brands, 29 kg of premix
Seeking ‘independent’ directors
The Indian Express reported last week that 16 of the independent directors appointed to central public sector enterprises by the government were BJP members.
